The important take away from this comment is that nano like other “fee-less” cryptocurrency have little use so they’re clever way to achieve these goals have not been really tested. For example nano was recently DoSd for multiple days because of their clever no fee solution.

I have been seeing Nano shills pop up on HN recently. This is not the place. Please restrict your operations to Reddit, 4chan and Facebook. Thank you.

All the Nano was invented 100% the day it was made. So its really just a shell game to pass on the worthless day 0 tokens for more than 0 after day 0 -- just like every other PoS coin ever. Contrast with PoW, where coins cost REAL money every block to produce.

It costs very little to transfer something of little value.

Costing money to produce doesn't make something inherently valuable. It would be expensive to sell iPhones crushed by previously-undriven Lamborghinis, but the product would still be worthless. Neither NANO nor Bitcoin have any inherent value. It's entirely derived from other people willing to pay for it. If people want to use a cryptocurrency, using something that doesn't require 15 GW to power could quite rationally be more valued more highly.

Currently Bitcoin is $13 to Ethereum's $20.

Ironically, that's because the value of value of Bitcoin has plummeted compared to Ehtereum. A month ago today, an Ethereum transaction would have cost $21 while a Bitcoin transaction would have cost $45.

Ethereum transaction cost is independent of ETH price.

Tx fee = gas * gas rate